Alan Collins
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Alan Collins commented on Alan Collins's blog post EURUSD - Key average platforms gains
"All targets met. Potential to 1.1036 but momentum waning and this remains assessed as counter trend."
Tuesday
Alan Collins's blog post was featured

EURUSD - Key average platforms gains

Yesterday saw the market use the13 day average as a platform for further gains. This resulted in a 2nd up day in a row and the most positive close for 12 days. Intraday signals are at overbought extremes but although that does add a note of caution profit taking setbacks are currently temporary and limited with scope to 1.0975 and 1.0992.Only below 1.0868 negates this scenario.…See More
Tuesday
Alan Collins posted a blog post

EURUSD - Key average platforms gains

Yesterday saw the market use the13 day average as a platform for further gains. This resulted in a 2nd up day in a row and the most positive close for 12 days. Intraday signals are at overbought extremes but although that does add a note of caution profit taking setbacks are currently temporary and limited with scope to 1.0975 and 1.0992.Only below 1.0868 negates this scenario.…See More
Tuesday
Alan Collins's 2 blog posts were featured
Mar 17
Alan Collins posted a blog post

EURGBP - Negative Keltner channel dominates

There was limited movement in EURGBP Monday with price action caught within similar parameters to Friday. Initial upside stalled, and reversed, below the 13 day line, and although prices closed little changed it is that upside failure, coupled with a still negative Keltner channel that leaves signals bearish going into this morning targeting .7103 and .7088.…See More
Mar 17
Alan Collins's blog post was featured

EURUSD - Hugging Negative channel targets 1.0735

A sequence of 3 down days ended yesterday despite a marginally new 12 year low. There was little net movement for EURUSD as prices consolidated rather than continue selling pressure or attract significant profit taking. However, Asian price action has seen a renewal of the downside – a move that keeps prices hugging the lower end of a declining Keltner channel with scope for further downside to 1.0767 and 1.0735.The risk is…See More
Mar 10
Alan Collins posted a blog post

EURUSD - Hugging Negative channel targets 1.0735

A sequence of 3 down days ended yesterday despite a marginally new 12 year low. There was little net movement for EURUSD as prices consolidated rather than continue selling pressure or attract significant profit taking. However, Asian price action has seen a renewal of the downside – a move that keeps prices hugging the lower end of a declining Keltner channel with scope for further downside to 1.0767 and 1.0735.The risk is…See More
Mar 10
gladwin dsouza commented on Alan Collins's blog post EURUSD - Positive Divergnce gives upside scope
"@ Alan Collins, Sir !  Eurousd did not went up towards 1.1051, it went downwards what is your analysis now pls reply"
Mar 7
Alan Collins posted a blog post

EURUSD - Positive Divergnce gives upside scope

Wednesday’s decline extended yesterday. This move took EURUSD to new 12 year lows and maintained a hugging of the lower end of a falling Keltner channel.  However with intraday sentiment oversold, the lows were not held and, coupled with positive divergence in Momentum indicators, the immediate outlook is counter trend bullish with potential to 1.1051 and 1.1085.…See More
Mar 6
Alan Collins's 2 blog posts were featured
Mar 5
Alan Collins's blog post was featured

EURGBP - Grind lower targets .7217/29

EURGBP was sold at lower levels for a 4th day in succession Thursday. This took EURGBP to new 7 year lows and to the bottom band of a falling Keltner channel. The scope of this week's moves – more than a big figure – means intraday signals are over-stretched but, currently, profit taking is likely to remain temporary and limited. So, coupled with bearish momentum and strength indicators we look for lower levels to continue to…See More
Feb 27
Alan Collins's blog post was featured

USDCAD - Inverted Hammer targets 1.2361

Yesterday saw the negative sentiment highlighted by Tuesday’s Inverted Hammer extend. A 2nd down day in a row cemented prices beneath that 13 day moving average. The scope of the turn in USDCAD means sentiment is oversold but currently there is no sign of anything other than temporary intraday rallies with potential through 1.2402 to 1.2361 and 1.2328.…See More
Feb 26
Alan Collins's blog post was featured

GBPUSD - Setbacks bought. Sentiment positive. Targets 1.5481/5519

Initial price action Monday continued the setback from last week's top. But this downside was, expectedly, temporary and found fresh demand near the key 13 day moving average. This resulted in strong buying that produced the highest closing level of the month. Asian trading has seen a modest reactive move but sentiment is positive with potential to 1.5481 and 1.5519.The risk level is below 1.5398.…See More
Feb 24
gladwin dsouza commented on Alan Collins's blog post EURUSD - Back above key average - Further Upside Targeted
"sir what your expectation about GBPUSD .. it will go down again "
Feb 19
Alan Collins's blog post was featured

EURUSD - Back above key average - Further Upside Targeted

EURUSD continues to fluctuate around the 13 day average. Initial trading yesterday reversed Tuesday’s gains but in late price action the bulk of this downside was regained. Limited net movement means signals for sentiment cannot be strong but the downside rejection coupled with demand in Asia above the average means studies are positive with potential through 1.1449 to 1.1487.…See More
Feb 19
Alan Collins posted a blog post

EURUSD - Back above key average - Further Upside Targeted

EURUSD continues to fluctuate around the 13 day average. Initial trading yesterday reversed Tuesday’s gains but in late price action the bulk of this downside was regained. Limited net movement means signals for sentiment cannot be strong but the downside rejection coupled with demand in Asia above the average means studies are positive with potential through 1.1449 to 1.1487.…See More
Feb 19

Profile Information

About Myself
I have been a spot/forward/prop trader, Salesperson and Technical Analyst in financial institutions for more than 30 years.
I currently co-own the 2nd independent technical analysis research company I've setup, 3cAnalysis.
Please note that all blogs and comments are for information and education only and not a recommend to trade at any time.
Trading style
Based on hourly charts
Current Broker
none

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Alan Collins's Blog

EURUSD - Key average platforms gains

Posted on March 24, 2015 at 6:56am 1 Comment

Yesterday saw the market use the13 day average as a platform for further gains. This resulted in a 2nd up day in a row and the most positive close for 12 days. Intraday signals are at overbought extremes but although that does add a note of caution profit taking setbacks are currently temporary and limited with scope to 1.0975 and 1.0992.

Only below 1.0868 negates this scenario.…

Continue

EURGBP - Negative Keltner channel dominates

Posted on March 17, 2015 at 6:58am 0 Comments

There was limited movement in EURGBP Monday with price action caught within similar parameters to Friday. Initial upside stalled, and reversed, below the 13 day line, and although prices closed little changed it is that upside failure, coupled with a still negative Keltner channel that leaves signals bearish going into this morning targeting .7103 and .7088.…

Continue

EURUSD - This week to continue Sell Rally scenario. 1.0410 targeted

Posted on March 16, 2015 at 8:00am 0 Comments

Confirming the weakness of the rally from January’s low point, selling pressure deepened last week. A 3rd down week in a row took EURUSD to the lowest levels traded since 2003. Oversold extremes remain a concern but last week's price action saw profit taking remain temporary and limited. In addition the market continues to track the lower end of falling daily & weekly Keltner channels and so, allowing for a reaction to oversold extremes, we look for the downside to continue to develop …

Continue

EURUSD - Hugging Negative channel targets 1.0735

Posted on March 10, 2015 at 6:55am 0 Comments

A sequence of 3 down days ended yesterday despite a marginally new 12 year low. There was little net movement for EURUSD as prices consolidated rather than continue selling pressure or attract significant profit taking. However, Asian price action has seen a renewal of the downside – a move that keeps prices hugging the lower end of a declining Keltner channel with scope for further downside to 1.0767 and 1.0735.The risk is…

Continue

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